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[$$] Trump’s Merger Appeal to Obama

The Justice Department wants to keep fighting AT&T’s merger with Time Warner, and maybe it feels it must save face after the singeing rebuke by federal Judge Richard Leon last month. Because the vertical merger combines two businesses that don’t directly compete, the government must prove the deal would harm consumers and reduce competition. AT&T argued that marrying content with targeted advertising would help it compete with vertically integrated tech giants like Google and Facebook, which gobble up 60% of digital ad revenues.